With seven initiatives presently within the works, Road Realty, previously Dodson Industrial Actual Property, is relocating its headquarters from Arlington to Fort Price.
The corporate, led by founders Ryan Dodson and Alex Bryant, was closely concerned within the improvement and redevelopment of the downtown Arlington space and most lately opened The 701, a 68,000-square-foot mixed-use undertaking within the Close to Southside.
“Our new title, ‘Road Realty,’ displays our collective ardour for city initiatives and is a enjoyable play on the truth that all buildings are situated on some form of avenue,” mentioned Dodson. “We additionally like to consider ourselves as having forward-thinking avenue smarts.”
The corporate’s motto is “ahead pondering business actual property.”
The corporate and its 15 staff can be based mostly out of a 5,000-square-foot workplace at its recently-acquired 46,000-square-foot, four-story workplace constructing on the intersection of Hulen Road and West Vickery Boulevard. The constructing, which previously housed DFB Prescription drugs, was acquired final yr. It will likely be up to date and rebranded as The Vickery.
The corporate initially began in 1984 as an Arlington-based property supervisor and developer based by Dodson’s father, Jerry Dodson. As soon as Ryan Dodson joined the corporate in 2002, the corporate established a decades-long monitor report of profitable residential and business initiatives.
These redevelopment initiatives included a number of in downtown Arlington comparable to 404 Border, Block 300, and City Union.
Lately, the corporate has change into energetic all through Fort Price, together with initiatives in South Essential Village, Magnolia Village, The Foundry District and Clearfork.
Dodson’s initiatives embrace well-known shoppers comparable to The Bearded Woman, Nickel Metropolis, Salsa Limon, Fort Price ENT, Fort Price Locals, Panther Metropolis Salon, and several other others.
Bryant joined the corporate in 2020 and launched a third-party providers workforce. Bryant’s improvement expertise consists of the 2022 completion of the Texas Wesleyan scholar housing undertaking, “The Rosedale.”
“We’re enthusiastic about what that’s completed for the east aspect of Fort Price, and I believe we’ll proceed to try this, as a result of they proceed to attempt to revitalize mainly that entire Rosedale hall from 287 to Texas Wesleyan,” mentioned Bryant. “These investments from Texas Wesleyan and the Fort Price ISD, and people developments have actually began to alter the east aspect.”
Dodson mentioned one theme of Road Realty’s enterprise mannequin is that it takes on initiatives which have a “excessive barrier to entry.”
“We’re not out on farm land growing vacant land,” he mentioned. “We’re both buying property which might be in a denser space and fixing these up, or in some instances growing one thing new.”
The 701 at Magnolia Avenue and Hemphill Road mixed each redevelopment of an historic constructing and new building. (Courtesy picture | Road Realty)
The 701 undertaking at Magnolia Avenue and Hemphill Road was a mix of the 2. Road Realty constructed a brand new 3,700-square-foot constructing simply behind the prevailing two-story historic constructing that homes longtime restaurant Shinjuku Station. With the brand new building, Road Realty introduced in a company headquarters to that space of city with VLK Architects, which occupies the highest flooring of the brand new constructing, and a brand new restaurant from Marcus Pasley, the Walloon’s.
However it’s not simply revitalizing interior metropolis areas, Dodson mentioned. Road Realty lately bought an older procuring middle in Parker County, on the intersection of Ranch Home Highway and Interstate 20.
“We’re going to repair it up and breathe some new life into it, which is similar to among the work we’ve completed in Arlington or on South Essential, on Magnolia,” he mentioned.
The present financial surroundings with rising prices and better rates of interest has impacted improvement, Dodson mentioned. However they’ve made changes, he mentioned.
“The brand new initiatives we’re , clearly we’re underwriting extra fairness, with much less debt, longer maintain intervals, that form of factor,” mentioned Dodson.
Road Realty will keep busy as they rebrand and transfer workplaces, with a minimum of seven initiatives introduced and presently within the works.
“We’re so excited to announce our new model and our transfer to Fort Price because it marks a major milestone for our firm’s development trajectory,” Bryant mentioned.
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Road Realty has a number of initiatives presently within the works, together with:
- The Vickery – the acquisition, renovation, and rebranding of a 46,000-square-foot, four-story workplace constructing at 3909 Hulen Road in Fort Price
- The Val – the event of a brand new 125-unit boutique multifamily group at Hulen and Valentine Streets in Fort Price
- The Retailers at Ranch Home – the acquisition and renovation of a 16,000-square-foot middle at Ranch Home Highway and Interstate 20 in Willow Park
- The Retailers at Alta Mere – the acquisition and renovation of a 20,000-square-foot retail middle at Alta Mere and Interstate 30 in Fort Price
- West Loop Enterprise Park – the event of a brand new 160,000-square-foot enterprise park close to West Loop 820 and Clifford Road in White Settlement, offering small bay workplace/warehouse house serving west Fort Price and Parker County
- True North Mansfield – the event of a brand new 5-acre, 200-unit multifamily group situated at North Road and Newt Patterson Highway in downtown Mansfield
- City Union – the continued redevelopment of downtown Arlington’s mixed-use district, that includes 140,000 sq. ft of workplace, flats, retail, restaurant, and bar house alongside East Entrance Road
Bob Francis is enterprise editor for the Fort Price Report. Contact him at bob.francis@fortworthreport.org. On the Fort Price Report, information selections are made independently of our board members and monetary supporters. Learn extra about our editorial independence coverage right here.
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